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Wall Street's Loudest Commodity Bulls Say the AI-Driven Rally Has Barely Started
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Following gold and silver, an increase in copper prices is also expected. Deutsche Bank's forecast of $22,050 per ton for 2027, artificial intelligence investments, increasing copper demand, and the impact of the mining strike in Chile on the market are highlighted.
Copper prices are hovering near record highs in London, prompting new bullish warnings from global banks. Investments in AI data centers and electrification are boosting demand, while production problems at mines threaten supply. Deutsche Bank predicts that the price of copper per ton could exceed $22,000 by 2027.
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